Realty Income Co. (NYSE:O) Plans Dividend Increase - $0.27 Per Share

Realty Income Co. (NYSE:O - Get Free Report) declared a mar 25 dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.268 per share by the real estate investment trust on Friday, March 14th. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Realty Income's previous mar 25 dividend of $0.26.

Realty Income has decreased its dividend by an average of 3.6% per year over the last three years. Realty Income has a dividend payout ratio of 192.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Realty Income to earn $4.32 per share next year, which means the company should continue to be able to cover its $3.17 annual dividend with an expected future payout ratio of 73.4%.

Realty Income Trading Up 1.1 %

Shares of Realty Income stock traded up $0.62 during trading hours on Friday, hitting $57.14. The company's stock had a trading volume of 7,376,170 shares, compared to its average volume of 4,695,588. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a 50 day moving average of $53.88 and a 200 day moving average of $58.09. The company has a market capitalization of $50.01 billion, a PE ratio of 54.41, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Wall Street Analyst Weigh In

Several brokerages have weighed in on O. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective for the company. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, Barclays lowered their price target on Realty Income from $59.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $62.21.

About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.